Crompton Greaves Consumer Electricals Ltd. (CGCEL) manufactures and markets a wide spectrum of consumer products ranging from fans, lamps and luminaries to pumps and household appliances such as water heaters, mixer grinders toasters irons and electric lanterns. It is India’s market leader in fans and No. 1 player in residential pumps and has leading market positions in its other product categories viz. lighting and kitchen and home appliances. The Temasek group, Singapore is the promoter entity and the company is now professionally managed. Spread of low cost housing. more nuclear families and good demographics drive growth for the company. The impact of Covid-19 is fast receding and pent up demand is driving sales particularly in rural areas. We have an over weight rating given the company’s position in each of the segments it operates and fair valuations – 28-07-2021 Price: 469.55 Rating: Over Weight Recommendation: Buy
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